European Commission approves Romanian loan guarantee of up to 62M euros for Blue Air airline
Publicat:The European Commission has approved, under EU State aid rules, a Romanian loan guarantee of up to around 62 million in favour of Romanian airline Blue Air. The measure aims at compensating the airline for the damages suffered due to the coronavirus outbreak, as well as providing it with urgent liquidity support, reads a press release of the Community Executive.
The measure was approved partly based on Article 107(2)(b) of the Treaty on the Functioning of the European Union (TFEU) and partly under the Commission's 2014 Guidelines on State aid for rescue and restructuring.
Executive…
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